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Greggs plots 100 new stores this year as sausage roll seller defies heatwaves to deliver profit boost in first half
['Jane Denton', 'Money Reporter']
Money Articles | Mail Online
Greggs has scaled back plans for new store openings this year, but still expects to open nearly 800 more over the long term.
Despite several heatwaves, the baked goods seller saw pre-tax profit jump by 20 per cent to £76 million.
It will also trial 10 new Greggs Express shops, which offer self-service coffee and food.
It came as Greggs reported a 7.2 per cent rise in sales to £1.1billion, largely driven by the opening of 34 new stores.
Like-for-like sales at company-managed shops increased by 2.1 per cent, with franchised shop sales up 1.3 per cent.